Citi: HSBC HOLDINGS (HSBA.L) Quarterly Performance Weak, Maintains Buy Rating
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Citi's research report on HSBC HOLDINGS (HSBA.L) indicates a weak quarterly performance, with slower revenue growth in wealth management, increased costs, and larger impairment provisions. Management attributed these issues to accounting treatments and foreign exchange fluctuations. Citi supports HSBC's explanations and appreciates additional disclosures on private credit, maintaining a Buy rating with a target price of GBP 14.7.
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